For Oil, It’s Not 1973 Again – But It Could Still Turn Ugly
Exactly 60 years ago, the Yom Kippur War of 1973 (October 6 to October 25) started. In the next 7 years Crude went from $5 to 50 Interest Rates from 6.5 to 18 Gold from […]
Exactly 60 years ago, the Yom Kippur War of 1973 (October 6 to October 25) started. In the next 7 years Crude went from $5 to 50 Interest Rates from 6.5 to 18 Gold from […]
Egypt immediately awarded four blocks of an oil and gas exploration bid round in the Mediterranean and Nile Delta to Italy’s Eni, the UK’s BP, QatarEnergy and Russia’s Zarubezhneft, the Egyptian Petroleum Ministry announced on Tuesday. Eni […]
The five-nation BRICS group announced expansion of members on Thursday, having invited six countries to join the bloc. South African President Cyril Ramaphosa, who is hosting the group’s summit in Johannesburg, said that Argentina, Egypt, […]
By the end of 2023, the world economy is expected to have a gross domestic product (GDP) of $105 trillion, or $5 trillion higher than the year before, according to the latest International Monetary Fund […]
By Sarah El Safty CAIRO (Reuters) – Egypt’s natural gas production fell to a three-year low in the first five months of 2023, figures from the Joint Organisations Data Initiative (JODI) show, raising questions about […]
A deadly blaze on a cargo ship carrying nearly 3,000 cars from Germany resulted in the loss of one crew member’s life and forcing others to jump into the sea. According to a spokesperson for […]
A mass grave has been discovered in Sudan’s West Darfur state with at least 87 bodies, as a regional summit hosted by Egypt to help solve the crisis in Sudan gets under way. The United […]
Egypt’s energy sector expects to attract $8 billion in foreign investment in the coming fiscal year as the country looks to boost its natural gas production. The investments will be allocated to developmental and operational activities […]
A man sits against a solitary concrete pillar at an abandoned construction site, his head hunched forward, gazing at the dusty ground in quiet desperation as he prepares to leave the small sliver of shade. […]
Indian Prime Minister Narendra Modi has met Egypt’s President Abdel Fattah el-Sisi in Cairo on a rare visit during which both sides pledged to deepen their strategic partnership. Modi and el-Sisi “signed a joint declaration […]
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